Mark Hurd, a prominent name in the business world, has left an indelible mark on the technology industry through his exceptional leadership and business acumen. In this article, Lucidcam discusses Mark Hurd net worth, life, career, and more.
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What is Mark Hurd Net Worth and Salary 2023
Mark Hurd, an American technology leader, died in 2019 with a net worth of $150 million. He was best known for being a co-CEO of Oracle Corporation, the second-largest software company in the world.
Why is Mark Hurd famous?
Mark Hurd’s fame is rooted in his exceptional achievements as a technology executive and his significant contributions to the companies he led.
His strategic vision, operational expertise, and relentless pursuit of success propelled HP and Oracle to new heights, cementing his reputation as an influential figure in the industry.
Mark Hurd Overview
| Full Name | Mark Vincent Hurd |
| Popular Name | Mark Hurd |
| Gender | Male |
| Birth Date | January 1, 1957 |
| Age | 62 (at the time of death) |
| Parents | Teresa A. (Fanoni) and Ralph Steiner Hurd |
| Birth Place | Manhattan, New York |
| Nationality | American |
| Education | Bachelor of Business Administration from Baylor University |
| Marital Status | Married |
| Sexual Orientation | Straight |
| Wife/Spouse | Paula Kalupa (second wife) |
| Children | Two daughters, Kathryn and Kelly |
| Net Worth | $150 million (at the time of death) |
| Source of Wealth | Co-CEO of Oracle Corporation, Chairman, chief executive officer, and president of Hewlett-Packard |
Early life
Mark Vincent Hurd was born on January 1, 1957, in Manhattan, New York. Mark was born into an upper-class family, because his mother was a debutante and his father was a banker. After finishing from high school in 1975, Hurd went to Baylor University in Waco, Texas.
He was able to go to Baylor because of a tennis scholarship he got when he was in high school. Mark joined a fraternity and studied business administration at Baylor. He graduated with a Bachelor’s degree in 1979.
Career
Mark Hurd was a well-known American technology leader who had a successful career that lasted over 30 years. He started working at NCR Corporation in 1980 as a junior seller and worked his way up through the ranks to become the CEO and president of the company in 2001.
After leaving NCR, Hurd joined Hewlett-Packard (HP) in 2005 as chairman, CEO, and president. Under his guidance, HP became the top seller of laptops and desktop computers, and its stock price doubled.
Hurd was known for his bold cost-cutting and focus on short-term results, which helped increase earnings and shareholder returns.
Hurd was successful at HP, but he quit in 2010 after a sexual harassment probe found mistakes in his expense records.
In September 2010, Hurd became co-president of Oracle Corporation with Safra A. Catz. He took over from Charles Phillips, who had been president for the previous two years. He was also put on the board of directors by the CEO at the time, Larry Ellison.
At Oracle, Hurd revamped its salesforce, increased its focus on cloud technology, and modernized its legacy software to compete with smaller cloud-based firms.
Under his watch, Oracle’s cloud business grew by 82% between 2015 and 2016, and the company spent $5.1 billion on research and development to improve its cloud services.
Hurd also started the “Class Of” program to hire and train college graduates as sales assistants. This led to the building of a new campus in Austin, Texas.
In 2014, Ellison stepped down as CEO of Oracle, and Hurd and Catz were named as co-CEOs. Hurd was in charge of the sales, service, and marketing departments, while Catz handled the operations, legal, and financial departments.
Hurd announced in September 2019 that he was going to take a medical break for unknown health reasons, and he died on October 18, 2019, at the age of 62. Throughout his career, Mark Hurd made important advances to the technology industry and left a permanent mark on the businesses he led.
Personal life
Elizabeth A. Butler was the first wife of Mark Hurd. The couple was married in 1980, however they divorced in 1987.
Hurd then married Paula Kalupa, with whom he remained married until his death in 2019. Hurd and Kalupa had two children throughout their marriage.
FAQs about Mark Hurd
What is Safra Catz worth?
Safra Catz is an Israeli American businesswoman and entrepreneur who has a net worth of $1 billion.
When was Mark Hurd CEO of HP?
Hurd was CEO at Hewlett-Packard from 2005 to 2010,
Who is highest paid CEO in the world?
Tesla’s CEO Elon Musk is the highest paid CEO in the world. His salary was USD 23.5 billion.
What is Paula Hurd net worth?
Paula Hurd has an estimated net worth of $3.5-$4.5 million.
What is Bill Gates’s net worth?
As of June 2023, Gates has an estimated net worth of US$133 billion.
Conclusion
Mark Hurd was a successful technology leader who had a profound impact on the business and tech industry. He was a true innovator, and his legacy will continue to live on. With his passing, it is important to learn from his example – hard work, dedication, and a commitment to excellence.
We hope that we can all take something from Mark Hurd’s life and use it to better our own. Thank you for reading.
